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Search Results 0 to 49 of about 52 (some duplicates have been removed)
CNBC
Jan 14, 2013 7:00pm EST
, they'll keep buying them. my two cents on the debt ceiling business. republicans ought to stay away from the issue. that's the first thing. stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two cents. here is an old friend, david walker, founder, president and ceo of the come back america initiative. he knows a lot about this. david, let me ask you this. is boehner wrong to insist that a dollar debt increase should be accompanied by a spending decrease? >> the fact is we need to pay our bills. and i do however think that we have a spending problem. the federal government has gone from being 2% of the economy, 100 years ago. to 24% today. headed to 37% by 2040 absent a cha
CSPAN
Jan 15, 2013 5:00pm EST
. warren. >> even though we been through all this, i still play domiciled debt ceiling issue and i'm wondering if you can tell me what would have been if congress did not raise the debt ceiling and that would make it such a dangerous option for going forward. >> i think our credit rating would go down. and how would we pay the bills? how would we pay social security? how will we pay veterans? [inaudible] >> now, the republicans are saying pick and choose. and so let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say in my judgment to the republicans, don't do it. you're playing with fire. >> i don't understand that i guess. why are they playing with fire? what would have been? >> those are two different questions. i think republicans have some idea what would have been. we've been through this with the credit rating and i think essentially they know what would have been in so they say let's pick and choose. either way, they haven't said which they would pick and which would be left aside. the president made clea
CNBC
Jan 15, 2013 3:00pm EST
you think. t-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me
MSNBC
Jan 15, 2013 6:00am PST
. you have the debt ceiling issue. all of those are in the mix right now because they are all coming to a head at the same time. we are going to need to deal with all of them. can't we be responsible? can't we work collaboratively on this? if we can -- hearing from the white house that, you know, you go figure it out. it is not my problem. i didn't have anything to do with this. that's not the way to go. >> let me ask you about your job as the head of the republican campaign committee. will you support all incumbent house republicans no matter what under all circumstances? or -- is your job to eliminate primary opposition? >> you know, i love how you -- you know, we try to talk in absolutes here. we are a member of organization that supports republicans and republican members of the house. here's when we do and we go out and recruit. i think, you know the voters want to check and balance in washington. we are going to offer a positive alternative. great candidates. we now -- second biggest majority since world war ii coming off the biggest majority. we intend to build on that. and we
MSNBC
Jan 15, 2013 11:00am PST
regarding the debt ceiling and the inevitable issue that is are faced by those who need to make the decisions for us. >> yeah. we have got this triple deadline coming up. and nobody -- everybody says they don't want to do it at the last minute the way we did with the fiscal cliff but nobody seems to be talking about it yet. you don't have negotiations started. granted we are in a bit of a holding pattern with the inauguration coming up and maybe things start to happen after that but nobody seems to be jumping in proactively for a solution to these issues that are coming up and that's because they're tough decisions. they're hard. and nobody has something that is universally palatable ready to off offer. >> with that said, will we see a separation of spending cuts the republicans say they want to desperately and separate it from the debt ceiling? as the president said, you can't run out on a meal you have eaten. this is not new debt. this is bills we have acquired. the government and this country must be obligated to do the same. >> well, the president would like to see these negotia
FOX Business
Jan 15, 2013 11:00am EST
suggested a negotiation chip, it's not in the debt ceiling. whatever happens there in the next round of tax reform, cost cutting, all of these items that are going to be before us, once we get past this debt ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the dividend on monday. the company doing well financially, at the same time, dividend payers like a ford, joe, could, again, fall out of investor payer. do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to co
FOX News
Jan 15, 2013 8:00am PST
their criteria that they've set for why they will -- when they will raise the debt ceiling, they are free to go ahead and try. jon: chief congressional correspondent mike emanuel is live on capitol hill now. how are some of the top republicans responding to president obama on this debt ceiling issue? >> reporter: well, jon, republicans are clearly uncomfortable with prominent democrats already talking about a tax increase when you consider the fiscal cliff deal raised taxes and every worker with a payroll tax hiring expiring and raised taxes on upper income americans even further, check your pay stub. a leading republican says responding to the president what's critical is getting spending under control. >> it's a compelling message saying we ned to pay the bills we've racked up. of it messes the whole point again. think of it in terms of a credit card. in you have a son or daughter who exceeds the limit, the first thing you do is rip up the card, the second thing you do is you say you need to change your spending habits. >> reporter: they say we need to a just what bills we are paying and how they are paying. jon: the issue of depending on disaster relief could provide tkraeupl drama there on capitol hill. >> reporter: speaker john boehner promised that the house would take up sandy relief b
FOX
Jan 15, 2013 5:00am PST
pay its bills if congress does not raise the debt ceiling. president barack obama will not negotiate with congress on this issue. while republicans want any increase in the debt ceiling to be tied to spending cuts... >> the issue here is whether or not america pays its bills. we are not attend beat nation and so -- there is a very simple solution to this. >> now in a statement, house speaker phil boehner indicated the republican party is prepared for a fight and the consequences of increasing the debt ceiling are real but so too is the consequences of allowing our spending problem to go unresolved. >>> they are closely watching this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place
CSPAN
Jan 15, 2013 1:00am EST
-- consider some sort of executive action on this debt ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm happy to accept it. but
CNN
Jan 15, 2013 8:00am PST
ceiling become as real issue pd at government has to stop spending about $100 billion a month. that means the government will have to lay off people and that will mean more unemployment and more pain for people. it also means the government won't be able to pay all 6 it bills and it may stop sending money to the businesses in the united states. some of whom could go bankruptcy because of it. >> critics have said you can list out all of the things that won't get paid respect but in the end it has a massive ripple effect. and yet the house speaker said yesterday the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. so i think a lot of people are tormented over this. they agree with both sides. yes, we can't spend, no, we can't default, but who does big business see this? >> big business is pretty clear. i've spoken to a lot of ceos. they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about i
CSPAN
Jan 15, 2013 6:00am EST
issues. without going into all the different ramifications, i want to say one word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in the deal. it went part of the way, as you mentioned. but it l
FOX
Jan 15, 2013 7:00am PST
the middle of february if congress doesn't raise the debt ceiling. president obama says he will not negotiate this issue with congress but republicans want any increase in the debt ceiling to be tied to spending cuts. >>> the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so -- there is a very simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from
MSNBC
Jan 14, 2013 7:00pm PST
the debt ceiling or on gun safety. >> the pressing issue of gun reform. >> exactly one month after the tragedy at sandy hook. >> if there is a step we can take that will save even one child we should take that step. >> gun violence continues to wreak its deadly toll each day. >> this is a moment to act. >> congress is incapable of passing an assault weapon ban. >> everybody is totally upset by it. >> what makes sense? what works? >> this is a moment to act. >> this is a promise to turn the conversation into actions. >> if there is a step we can take that will save even one child, we should take that step. >> the lecturer in chief returns to the east room of the white house today to explain something to congressional republicans that previous presidents have not had to explain to congress. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. a
CNBC
Jan 15, 2013 1:00pm EST
has long since started in washington as the debt ceiling key bait speaks up. president obama issued this warning to house republicans during a news conference yesterday. take a listen. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the people is not eleven rafrmged to with used. it is not a bargaining chip. and they'd better choose quickly because time is running short. >> representative lynn jenkins is a republican from kansas. she is also the house republican vice chair. i guess basically i should ask you to respond to the president. >> well, i wish the president would stop campaigns and come over to the hill and have a conversation with us. republicans are willing to work with this situation which is our out of control wasest watt errand spending. >> you'd like to have him -- he sayed yesterday he has a nice pick imevery year. he said this in the wall street toufrpd. it's wrong to think of it as ooh long stamp. those days are onner. that debt limbet is one of the last steps toing tagt tachlkts there are a lot of america
FOX News
Jan 15, 2013 10:00am PST
the country's debt ceiling. our credit limit. fitch, a leading credit ratings agency says the u.s. could lose its top rating if this issue is not resolved. there are some who believe that president obama was sending a signal in yesterday's news conference that he might have to use what some are calling the constitutional option as an end around congress, when it comes to this debt limit issue. the president suggesting if congress does not want to raise the debt ceiling, he could. >> what i'm saying to you is that there's no simpler solution, no ready, credible solution other than congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling because this is about paying your bills. everybody, everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. >> megyn: jonna spilbor is a columnist and writer for the national review. those comments, he goes on to say there's no simp
CSPAN
Jan 14, 2013 11:00pm EST
card bills. it was the sole solution to the debt ceiling in august of 2011 in the u.s. downgraded last time. so all these issues are important and it's very important that congress take necessary action to raise the debt ceiling to avoid a situation where government doesn't pay its bills. >> a number of people have expressed concern about how much of the challenges actually were addressed in a deal, it certainly went part way, but leaves a number of issues still on the table. would you care to raise that as an additional fiscal cliff that is facing us? would you think that it's not as concerning as it was when you raise that term initially? >> as i said the fiscal cliff, if it is allowed to take place, it probably would have traded a recession this year. a good bit of that has been addressed. nevertheless, we still have fairly restrictive fiscal policies now. it is estimated that federal fiscal policy will we have quite a bit to do to address the their long-term sustainability issues. there's a lot more work to do. let me be very clear about that. it's going to be a long haul and it's not going to happen overnigh3
PBS
Jan 14, 2013 10:00pm PST
consequences of failing to increase the debt ceiling are real but so too are the consequences of allowing our spending problem to go unresolved. the spending and debt issues took most of the president's attention today, but he also turned to the issue of gun violence. after the shootings at an elementary school in newtown connecticut, he appointed vice president biden to come up with recommendations for action. the vice president met with lawmakers today and with groups on both sides of the issue last week. plans to submit proposals by tomorrow. president obama would not discuss specifics today. instead he said this. >> i'm confident that there are some steps that we can take that don't require legislation and that are within my authority as president. and where you get a step that has the opportunity to reduce the possibility of gun violence, then i want to go ahead and take it. >> brown: he conceded that a fight in congress is likely but he hopes that some compromise is is possible. >> the issue here is not whether or not we believe in the second amendment. the issue is are there some sensible steps that we can take to make sure that somebody like the indivi
FOX Business
Jan 14, 2013 11:00pm EST
the issue at hand, unless the nation debt ceiling is raised a lot of programs are starved of spending by default, but that does not mean, want to be clear, that we default even if the president today all but said otherwise. >> threat of default hurts our economy, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or invest
CSPAN
Jan 15, 2013 7:00am EST
happening. there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host: jason is a democratic caller in brooklyn, new york. caller: i think the debt is negotiable. it has been high before. host: what did you say? caller: it ought to be negotiable. i think obam
Current
Jan 15, 2013 3:00am PST
about that issue than the debt ceiling. >> bill: they get too full of themselves. the problem with the front row particularly the press corps is they represent different networks. they all want to talk about let's say, for example guns. they all want to be on camera asking the question about guns and it doesn't matter if somebody else has already asked the question five different times in five different ways, they're still going to ask it so they can get on camera. that's what's wrong with the press briefings. >> thank you very much for your tweet. >> if you go to the newseum web site and you look at what the country is talking about it is a rich quilt of different issues, different ideas that people around this country are discussing. and the washington press corps questions of one or two topics doesn't even big to cover -- begin to cover what reporters around this country are reporting on, talking about. that disconnect is really jarring, i think. >> bill: it is jarring. i remember as a reporter in los angeles and a comment tater in los angeles, covering presidential news confere
FOX News
Jan 15, 2013 1:00pm PST
, even getting -- when it comes to issues like bypassing the debt ceiling -- on congress's behalf. >> democrats are urging the president to use executive order to say congress, i don't node to you raise the debt ceiling, i am going to do it on my own. i want everybody to know,utive order -- high is not the first president and won't be the last to use executive order. frankslinrosis velt passed 37 executive orders and clinton and reagan did 350-plus. i am talking about policy issues of significant magnitude that need to have a full public vetting. the american people need tock engaged in the process. we need hearing on the matter ogun control, specifically. and we really need to talk about mental health and how we as a society are not embracing people with mental health issues. that's a bigger conversation, i know, neil. >> neil: thank you for indulging all of this breaking news and being on top of it. we told you about the mulvaney amendment, matching dollar for dollar, any aide they are getting in like-minded cuts from discretionary spending. that was defeated, as expected on the
MSNBC
Jan 15, 2013 1:00pm PST
question. here is another one. how do you think lincoln would handle gun control or the debt ceiling or a whole range of other issues that the current president -- >> look, martin, du h, lincoln would agree with me on everything. this is the unmistakable mandate of history. we all know this. >> right. thank you very much. thomas frank, thank you. >>> next, the president may be one step closer to getting his man. but first, sue herera has the cnbc market wrap. good afternoon. >> good to see you, martin. let's check in on how wall street finished today's trading session. it was a volatile trading day and the dow jones managed to gain 27 points. the s&p gained just under 2 points on the trading session. and the nasdaq with a drag from face boonk to the downside finished down 6.75 points. that's it from cnbc. we are first in business worldwide. martin is back after a quick break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant sp
ABC
Jan 15, 2013 7:00am PST
republicans, raise the debt ceiling. but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are higher than they were during the new year's eve showdown over the fiscal cliff. if an agreement isn't reached, the federal government faces default on its debt and a partial shutdown. >> social security checks and veterans benefits will be delayed. we might not be able to pay our troops. >> reporter: some have suggested president obama would have better luck with the republicans if he socialized with them. the president said that probably wouldn't make much of a difference, but he wouldn't mind trying. >> most people who know me, know i'm a pretty friendly guy. and i like a good party. >> jon, the president also talked about preventing gun violence. he said that vice president biden had given h
NBC
Jan 15, 2013 5:00am PST
is live on capitol hill with more on that and the eternal tug of war over the debt ceiling. good morning. >> seems eternal at this point. that's the big issue here. they have to deal with that unfinished business first when it comes to superstorm sandy. $50 billion up to a vote today in immediate and long-term funding for those victims up and down the east coast. while there's some republican objection to spending this money without balancing that with some cuts somewhere, it looks like it will probably pass. speaking of cuts, we've got more spending cuts coming up march 1st if congress doesn't figure out what to do about the budget and the debt ceiling so we can borrow more money to pay off what we committed to spend. president obama says those are two separate issues. borrowing more and spending cuts. republicans disagree. the president says you can't use one as a bargaining chip for the other. it may delay social security and veterans benefits checks but republicans insist these issues are linked. we'll see how that debate continues to play out as the president gets ready to release his report on what he can do about gun control without congr
PBS
Jan 14, 2013 11:00pm PST
negotiating all those things, raised the debt ceiling and then i will get on with other conversations with you about dealing with the sequester, the across-the-board spending cuts and other budget related issues. but not until you take care of the debt ceiling and get that off the table that was the president's principal message today and he got a lot of conversation about why not negotiate. he said he's to the going to. we'll leave it there at least for the time being. >> rose: what will the republicans do, will they shut down the government. >> no, not over the debt ceiling. they may over the continuing resolution this is not their best vehicle. my guess is what they will probably have to do is give him a short-term extension. and then see if the senate will go along. they being of course the house republicans and just try to prolong this fight for a while. they don't want to have-- not shutting down the government is really spooking the credit markets and everything that major talked about a moment ago. and how the president would handle short-term extension is another matter. i think that would back him into a corner. he also ran into a problem because both in response to major and in response
Current
Jan 15, 2013 6:00am PST
in the 14 years that i have been here but i think some of those issues like the debt ceiling, this is absolutely new territory. >> stephanie: yeah even the republican party -- we have just not seen a version of it that it was willing to take the united states hostage -- >> we have never seen that but we have never seen the kind of use of the filibuster that we see now to stop everything, and as you said, the blocking of appointments. there has always been this courtesy to the president of the united states to at least have hearings and -- and debates about these nominees but you know -- one person to stop it -- >> stephanie: right. and the way the main stream media covers it drives me insane. the president nominates a republican, and there is outrage. >> i know and he doesn't have enough beer parties or something. >> stephanie: yeah exactly. the other thing the president addressed was gun legislation, and if it is not different this time, congress woman i don't know when it will be if you watched any those sandy hook families yesterday. >> wasn't that stunning? >> stephanie: yeah. >>
FOX News
Jan 15, 2013 1:00am PST
obama's press conference this afternoon two big issues gun control and the national debt. the president wants to raise the debt ceiling for the 5th time in his administration but he doesn't want to commit to many spending limitations in the future. the house could possibly not give the president the power to raise the debt ceiling in february. >> republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act ir responsibly and put america through another economic crisis. >> so you can see what the president is doing. he wants americans to believe the gop is the problem not massive spending. likewise on the gun control issue. the president wants it to come to a head to highlight republican opposition to limiting guns and ammunition. joining us now from washington fox news political analyst brit hume. seems to me presidethe presiden playing politics rather than problem solving. >> i think you have a point he would like to get republicans into it. i would put it a different way in the sense that i think he would be perfectly happy to get the
CNBC
Jan 15, 2013 6:00am EST
occupied with the fiscal cliff, the debt ceiling, and other pressing issues. and finally radio shack is ending its mobile phone partnership with target. the venture has been unprofitable and radio shack has been unable to negotiate more favorable terms. >>> as you know, the house is set to vote today on a $51 billion superstorm sandy package that has already turned in to a bitter battle over spending. joining us now is congressman frank pallone, who represents the sixth district of new jersey, one of the hardest-hit areas of the jersey shore during the late october storm. and congressman, thank you for being here. this was a late october storm. we are now in january. this is still going back and forth. what's happened? >> well, unfortunately, the package was delayed. it was passed in the senate just before new year's, but then the house speaker refused to take it up, and you know, we were very critical of that, because the bill could have been passed in the house and become law with the president's signature and we'd be in the rebuilding process for the jersey shore right now. but now w
Current
Jan 14, 2013 4:00pm PST
debt cereal something not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. the issue here is whether or not america pays it's bills. we are not a debt-deep nation. >> cenk: i like it. now normally i say it should have been stronger, but it was pretty strong and he made his point very good. it continues. >> obama: this is not an implicatedcomplicateed subject. you don't go out to dinner, eat all your want, and then leave without paying the check. if you do, you're breaking the law. and congress should think about it the same way that the american people do. >> cenk: i like it, man. i do. that's exactly right analogy. you know, of course, i'd go further, but i would every time, right? i'd say listen, the republicans spent this money. they spent it in tax cuts for billionaires and millionaires, they spent it in the iraq war afghanistan, the great majority of this money was spent by george w. bush. now i'm going to make them pay the bill. i would turn it around on them. that's good. very strong language. we hope he sticks to it, we'll look at that in a minute. >> obama: congre
MSNBC
Jan 15, 2013 12:00am PST
serious issues facing this country right now like, you know, jobs, unemployment, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i think they don't consider the optics useful for them politically. >> ah-ha. you can't get your picture taken with the president. that's not good. boehner has turned down invitations to five state dinners in a row. mitch mcconnell and three other republican senators turned down an invitation just to watch the movie "lincoln" over at the white house. it might have embarrassed them a little bit. these snubs are nothing new from republicans. it's dangerous politically for republicans to be seen at the white house. and there is alw
Current
Jan 14, 2013 5:00pm PST
legislation through the house. >> john: it seems to be a strategy. where does the debt ceiling fit into this? it just ensures that we pay the bills that we already spent. why are they talking about the two issues as if they're the same? >> why do they do a lot of things. but the question as that vote approaches in february or march whenever it's going to be, there are two questions actually. number one will boehner let a vote happen as he did with the fiscal cliff. he did let that vote happen. rick pearlstein mentioned the rule that boehner broke that rule for the fiscal cliff. will he break that rule again knowing that it will only get a certain number of republican votes. that's a. and b, how many republican votes will it get it being a clean debt-limit raising bill attached to no cuts. we assume that democrats would vote for that. it would mean twenty-something or 30 republicans--would that many republicans--i know obama got 85 on the fiscal cliff deal. but this is going to be a tougher vote for republicans on the debt ceiling. will he get 25 or 30. >> john: alex we have 20 second left. let me ask you some republicans are talking about another government shutdown. do they not remember howed ab
FOX News
Jan 15, 2013 12:00pm PST
the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the point that we are on an unsustainable path. >> reporter: portman acknowledges the need to raise the debt ceiling, but he supports the context of getting a handle on the spenning. >> shepard: this is disaster relief for victims of super storm sand gee right. we have had plenty of lawmakers saying we need to get a handle on government spending, but not when people are waiting for major disaster relief money. a key new jersey democrat is saying people from new york, new jersey and connecticut pay their fair share. three state, 16% of the taxes. you ask the question: who suffered because of super storm sandy? certainly, our neighbors in new york and
FOX News
Jan 15, 2013 6:00am PST
know what that means. talking about time to raise the debt ceiling, right? president obama warned he will not enter into another game of brinkmanship as he referred to it over the debt sealing with republicans. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. investors around the world will ask if the united states of america is in fact a safe bet. the full faith and credit of the united states of america is not a bargaining chip. martha: a lot of talk about the president's demeanor at that news conference yesterday. we'll get into that a little bit more coming up but for now does this really come down to an issue of raising the spending limit or defaulting on our credibility as the president has talked about. let's bring in stuart varney, host of "varney & company" on fox business network. so, stuart, you feel the way he is framing this is incorrect? >> yes. we're not going to default, period. we are not going to default. the default means that you do not service your debt. you don't pay the interest on your debt. well we have 2 1/2 trillio
FOX News
Jan 15, 2013 3:00pm PST
because of self-imposed crisis on a debt ceiling but we will be out of money. that is what the republicans are trying to avert. the president is playing this likebe a demagogue notto pretend we don't have a debt issue. we do. that is hanging above us and what will destroy the credit rating in the end. not a crisis we create and then get around as we have in the past. but a real one of a country that cannot pay its debt anymore. which is where we are headed. >> bret: next up is the u.s. getting involved in a another war on terror in mali? b or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. >>> mali has been taken over, the northern part of mali bewailed type
CNN
Jan 15, 2013 6:00am PST
debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us is amy kremer, chairwoman of the tea party express. thanks for coming in this morning. >> thanks for having me. >> safe bet you're against raising the debt ceiling without spending cuts. >> the problem is the spending cuts never come. the republicans find themselves in the situation all the time t happened with reagan and bush 41 and with the sequester, it's been put off for two months, the spending cuts never come and we cannot continue down this path with over $16 trillion in debt, and a deficit of $1.4 trillion to $1.6 trillion per year. we're spending $1.6 million per year than we're bringing in. >> you've accused the president of using scare tactics. what do you mean by that? do you think he's lying about what could happen? >> the thing is, you know what, first of all it's not congress that determines if we default. it's the treasury so i guess that
CNBC
Jan 15, 2013 4:00pm EST
now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> welcome back. breaking news right now. let's get to eamo
FOX News
Jan 14, 2013 6:00pm PST
democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from 5 trillion dollars for the first 42 presidents, number 43 added 4 trillion dollars by his lonesome, so we now have over 9 trillion dollars of debt that we are going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> sean: now at 16 trillion and $52,000 for every man, woman and child without unfunded liability. >> i posted 6 trillion dollars ago actually. another thing that he said, sean, i think is equally important, this means republicans don't want to pay our bills. i think he's missing the point entirely. it's not a
CSPAN
Jan 14, 2013 8:30pm EST
different ramifications, i would like to say one word about the debt ceiling, which is not
CNN
Jan 15, 2013 4:00am PST
. >> can i ask you a question about how the gun control and debt ceiling debate go out? john boehner promised he will not bring a bill to the floor that does not have a majority of support of republicans. >> i'm not aware of that per se, i would refer you to his office. >> congressman, thank you. >> you're welcome. >>> still ahead, coca-cola says they are trying to fight obesity with a new ad they've released. is it thinking ahead about their own industry? a panel will talk about that straight ahead. you're watching "starting point," back in a moment. with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas. no hoops to jump through. i earn more cash back on the things i buy the most. [ woman ] it's as easy as... one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. i had[ designer ]eeling enough of just covering upewards credit card. my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i
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